COM 0291.000 2000-2002 - Laserfiche WebLink

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a. Perform an audit of the financial statement(s) for the federal program in accordance with general standards specified in generally accepted government auditing standards (GAGAS); b. Obtain an understanding of internal control and perform tests of internal control over the Federal Program consistent with the requirements of Section .500(c), OMB Circular No. A-133, for a major program; c. Perform procedures to determine whether the auditee has complied with laws, regulations and the provisions of contracts or grant agreements that could have a direct and material effect on the Federal program consistent with the requirements of Section .500(d), OMB Circular No. A-133, for a major program; and d. Follow up on prior audit findings, perform procedures to assess the reasonableness of the summary schedule of prior audit findings prepared by the auditee, and report, as a current year audit finding, when the auditor concludes that the summary schedule of prior audit findings materially misrepresents the status of any prior audit finding in accordance with the requirements of Section .500(e), OMB Circular No. A-133. 3. Other Areas of Concern a. An examination of the progress made in the implementation of the recommendations contained in the financial audits of the County for the preceding fiscal year. b. Other specific areas of concern as agreed upon between the Council through its Legislative Auditor and the Contract Auditor, provided that if additional funds are required, this contract may be amended pursuant to the provisions of this Agreement. 3. Standards for Audit and Audit Reports 1. The audit examination shall adhere to the generally accepted auditing standards adopted by the membership of the American Institute of Certified Public Accountants and the standards for financial and compliance audits contained in the U.S. General Accounting Office's Government Auditing Standards, as may be further amended. 2. Standards for Reporting on Audit of Financial Statements -5-